Reserve Bank of India rejigs priority sector guidelines to make banking more inclusive

While retaining the overall priority sector lending target of 40 per cent for local commercial banks, the target for lending to small farmers is increased from 8 per cent their lending in 2020-21 to 10 per cent by 2023-24 of and the target for lending to weaker sections has gone up from 10 to 12 per cent.

from Banking/Finance-Industry-Economic Times https://ift.tt/32UIMe1